New York A00416 amends real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities.

New York A00416 amends the real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities. Participating municipalities can offer relief based on the percentage of property value lost due to a disaster. The relief can be up to 100% of the property's improved value, depending on the extent of the damage. The law defines "local disaster" and "major disaster," and specifies that relief is limited to damages caused by such events occurring on or after January 1, 2020.

New York A00416 amends real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities.

New York A00416 amends the real property tax law to provide assessment relief for victims of local or major disasters in eligible municipalities. Participating municipalities can offer relief based on the percentage of property value lost due to a disaster. The relief can be up to 100% of the property's improved value, depending on the extent of the damage. The law defines "local disaster" and "major disaster," and specifies that relief is limited to damages caused by such events occurring on or after January 1, 2020.